Liberty and Finance, Released on 6/29/23

Depositors have largely forgotten about the banking crisis which began earlier this year. However, the systemic issues in the banking sector are far from over, says legendary investor Rick Rule. Many banks’ balance sheets, if marked-to-market, are insolvent. The Fed may be able to create a “soft-landing,” however, this would merely be a perception and not reflect actual economic conditions. He expects continued high inflation in the coming years.

0:00 Intro
3:01 Banking system
9:20 Interest rates
12:57 Inflation
22:24 BRICS currency
25:25 Bullion market
31:30 Rule Symposium
37:56 Rule’s offer
39:36 Miles Franklin

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the founder of Rule Investment Media.